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Fortune
Fortune
Jim Edwards

Markets cashed in on the war in Ukraine but may like peace with Russia even more, top analysts say

Russia Ukraine United States Europe Vladimir Putin European Union NATO Donald Trump Macquarie Defense Spending
(Credit: JIM WATSON, EMMANUEL DUNAND—AFP/Getty Images)
  • While European markets benefited from the Ukraine war, analysts believe peace could boost the euro and stocks even more. Lingering distrust of Russia means Europe is unlikely to cut defense spending after any ceasefire. NATO’s new commitment to 5% of GDP for defense means military investment will continue regardless of peace talks, analysts at Macquarie say.

President Trump meets Russia’s Vladimir Putin in Alaska later this week to discuss the possibility of a ceasefire or a peace deal to end Russia’s invasion of Ukraine.

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